$315,000
SOLD APR 2, 2020

700 Wave Crest Ave Unit 206 Indialantic, FL 32903

Melbourne Beach Neighborhood
3 Beds
2 Baths
1,991 Sq Ft
$520/mo HOA Fee

Recently Sold

$158 Per Sq Ft

17% Below List Price

72 Days on Market

Highlights

  • Ocean Front
  • Open Floorplan
  • 1 Car Detached Garage
  • Indialantic Elementary School Rated A-
  • Balcony
  • Wrap Around Porch

About This Home

As of July 2024

Fantastic 3BR Direct Ocean View condo located in the beautiful Islamorada building. Tropical open atrium gives the feel of a Caribbean resort. Just steps to a beautiful beach, short walk to 5th Ave and convenient to the causeway; this location is ''loved'' by many. New laminate flooring throughout, new fixtures and fresh paint. wood burning fireplace, granite counter tops, ''huge'' master bedroom, large guest bedrooms, 2 balconies and plenty of storage. Priceless assigned 1-car garage + 1 assigned outside space.

Last Agent to Sell the Property

Gary Hanbaum

Pyramid Group R.E. Services License #3104568 Listed on: 03/24/2020

Last Buyer's Agent

Carolina Taylor-Tobia

One Sotheby's International

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,817

Year Built

  • Built in 1983

Lot Details

  • Ocean Front
  • North Facing Home

HOA Fees

  • $520 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,991 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Wood Burning Fireplace
  • Laminate Flooring
  • Ocean Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Balcony
  • Wrap Around Porch

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00040.0-0001.12

Community Details

Overview

  • Association fees include cable TV, insurance, pest control
  • Islamorada Condo Association
  • Islamorada Condo Subdivision
  • Maintained Community

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,817

Year Built

Built in 1983

Lot Details

0

HOA Fees

$520 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Reso Property Sub Type: Condominium
  • Road Surface Type: Asphalt
  • Reso View: Ocean, Water
  • Reso Association Amenities: Elevator(s), Maintenance Grounds, Maintenance Structure, Management - Full Time
  • Reso Association Fee Includes: Cable TV, Insurance, Pest Control
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Islamorada Condo
  • Reso Accessibility Features: Accessible Elevator Installed
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00040.0-0001.12
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 1991.0
  • General Property Information Building Area Total3: 2491.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 3
  • ViewOcean: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Open Floorplan, Primary Bathroom - Tub with Shower, Walk-In Closet(s), Wet Bar
  • Flooring: Laminate
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Other
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None
  • Roof: Membrane, Shingle, Other
  • Acres: 0.05
  • Waterfront Features: Ocean Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Wrap Around
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Waterfront Features:Ocean Front: Yes
  • Patio And Porch Features:Wrap Around: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 520.0
  • Association Fee Frequency: Monthly
  • Association Name: ISLAMORADA CONDO
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: ISLAMORADA CONDO
  • General Property Information:Association Fee: 520.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Pest Control: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2731391
  • Parcel #: 27-38-31-Eo-00040.0-0001.12
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
Jul 1, 2024
Sold by
Cynthia Tiffany Revocable Living Trust and Tiffany Cynthia
Bought by
Daquila Francis
Seller's Agent
DeWayne Carpenter
Compass Florida, LLC
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$550,000
Sold Price
$462,500
Premium/Discount to List
-$87,500
-15.91%
Views
113
Current Estimated Value
$487,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,221
Avg. Annual Appreciation
7.79%

Purchase Details

Closed on
May 10, 2021
Sold by
Trame Ralph J and Trame Cathy D
Bought by
Tiffany Cynthia and Tiffany Cynthia Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2020
Closed on
Apr 2, 2020
Sold by
Crocker Arthur and Crocker Pamela
Bought by
Trame Ralph J and Trame Cathy D
Seller's Agent
Gary Hanbaum
Pyramid Group R.E. Services
Buyer's Agent
Carolina Taylor-Tobia
One Sotheby's International
List Price
$378,900
Sold Price
$315,000
Premium/Discount to List
-$63,900
-16.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
May 13, 2004
Sold by
Toepler Robert L and Toepler Margie
Bought by
Crocker Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,200
Interest Rate
5.88%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 17, 2004
Sold by
Florio Mike and Florio Mary A
Bought by
Toepler Robert L and Toepler Margie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,200
Interest Rate
5.88%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 24, 2002
Sold by
Adams Richard M
Bought by
Florio Mike and Florio Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $462,500 None Listed On Document
Warranty Deed $415,000 Prestige Ttl Of Brevard Llc
Warranty Deed $315,000 Attorney
Warranty Deed $319,000 --
Warranty Deed $250,000 --
Warranty Deed $176,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $225,000 New Conventional
Previous Owner $257,000 New Conventional
Previous Owner $260,000 Unknown
Previous Owner $255,200 Stand Alone First
Previous Owner $140,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $462,500 -7.5% $232 / Sq Ft
05/15/2024 05/15/24 Price Changed $500,000 -2.0% $251 / Sq Ft
02/23/2024 02/23/24 Price Changed $510,000 -2.9% $256 / Sq Ft
02/08/2024 02/08/24 Price Changed $525,000 -4.5% $264 / Sq Ft
12/08/2023 12/08/23 For Sale $550,000 +74.6% $276 / Sq Ft
04/02/2020 04/02/20 Sold $315,000 -14.2% $158 / Sq Ft
03/28/2020 03/28/20 Pending -- -- --
03/24/2020 03/24/20 Price Changed $367,000 -3.1% $184 / Sq Ft
03/23/2020 03/23/20 For Sale $378,900 0.0% $190 / Sq Ft
03/15/2020 03/15/20 Pending -- -- --
02/21/2020 02/21/20 Price Changed $378,900 -2.8% $190 / Sq Ft
01/15/2020 01/15/20 For Sale $389,900 -- $196 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $8,817 $499,680 $0 $499,680
2022 $7,741 $454,730 $0 $0
2021 $5,808 $319,300 $0 $319,300
2020 $5,897 $319,160 $0 $319,160
2019 $2,451 $171,420 $0 $0
2018 $2,458 $168,230 $0 $0
2017 $2,369 $164,770 $0 $0
2016 $2,383 $161,390 $0 $0
2015 $2,458 $160,270 $0 $0
2014 $2,473 $159,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 864056

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00040.0-0001.12